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   Strategies & Market TrendsBuy and Sell Signals, and Other Market Perspectives


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To: yard_man who wrote (128412)7/19/2019 6:42:38 PM
From: GROUND ZERO™
   of 132321
 
Oh, you're welcome... let's see what that means for Monday... or Sunday evening, this should be interesting...

GZ

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To: GROUND ZERO™ who wrote (128411)7/19/2019 6:44:02 PM
From: codfish23
   of 132321
 
Well, I didn't do incredibly well today. I sold the top tick with a portion of my ES, but bought em back one VP lower. OK so far, but then I rode the wave down way too far before going flat, then short, then long again at 2974. So I had a crappy day, gave back a couple days profits, but it coulda been worse..

Looks to me like we're gonna have a bigger down move coming.

I was shocked at how well SOXL held up

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To: GROUND ZERO™ who wrote (128415)7/19/2019 6:45:57 PM
From: techtrader73
   of 132321
 
GZ you should make a poll bullish for the next two weeks...bearish for the next 2 weeks... or neutral...i think might get a better feel for the sentiment of these boards

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To: codfish23 who wrote (128416)7/19/2019 6:55:18 PM
From: GROUND ZERO™
   of 132321
 
Right, today could have been better, but what would make it better is knowing that the mo lines are already at the top of their range and topping out, therefore, the tendency or bias would begin shifting downward... that only takes time and practice to use those indicators much like we use a side view mirror, i.e., we're looking straight ahead when we drive but knowing what's coming alongside is also helpful... I don't mean to sound like I'm lecturing, just that we do tend to get fixed on a direction and then ignore the broader indicators that are warning us that heavy weather may be approaching...

I should also pay closer attention since I also stayed long beyond a reasonable period... but as you said, it could have been worse, easily a lot worse, just think about someone who bought the top this morning and froze as the market sold off and is now panicking...

Who knows what will be on Monday, but it does look like we may see more selling, those daily chart patterns are not typically bullish right now...

Definitely, it was the SOXL that kept me on the long side because it held so well that I thought everything else will turn back up... but at some point it became obvious that this market wanted to move downward, that's when all the mo lines began flashing before my eyes...

GZ

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To: techtrader73 who wrote (128417)7/19/2019 6:56:57 PM
From: GROUND ZERO™
1 Recommendation   of 132321
 
Interesting idea, why not think about the choices one could make and then PM to me what you think the poll choices and wording could look like, we can put something together... thanks...

GZ

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To: GROUND ZERO™ who wrote (128365)7/20/2019 9:34:04 AM
From: yard_man
   of 132321
 
I like this poll and your buy wiggle in the VIX together for next week!!

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To: yard_man who wrote (128420)7/20/2019 10:47:47 AM
From: GROUND ZERO™
   of 132321
 
The poll is actually not bullish since there are too many bullish for next week at the moment...

And the numerous sell wiggles along with what seems to be an unprecedented sell wiggle in the $VIX should make for a very interesting week...

I've gone back over the VIX data and there's nothing like what we have right now, this is a classic 3 day sell wiggle for the VIX, this is the very first time I've ever seen one in that indicator...

Who knows, these markets may just explode higher after all... LOL!!!

Historically, mid July to later October are typically bearish months and between the 19th to the last day of every month are also typically bearish...

So, with everything coming together at this point, we'll see how reliable historic data really is...

GZ

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To: GROUND ZERO™ who wrote (128421)7/20/2019 1:52:48 PM
From: yard_man
   of 132321
 
oh ... I misread earlier post -- I thought VIX was a buy wiggle -- I was lining that up with a contrarian take on your poll as both pointed the same way.

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To: yard_man who wrote (128422)7/20/2019 3:38:38 PM
From: GROUND ZERO™
1 Recommendation   of 132321
 
Well, it IS a buy wiggle, BUT the VIX is an inverted index, therefore it's a sell wiggle...

Here, take a look at the most recent 3 days in the chart below...

On day 1, an outside key reversal...

On day 2, a higher high and higher low with a lower close...

On day 3, a higher high AND lower low than day 2 and also closing higher and or near the high of the day and also closing above the high of day 1...

This is truly a classic 3 day buy wiggle pattern...

BUT, the since the VIX is an inverted index, it's a classic sell wiggle indication that these markets are more likely to move lower and not higher...

Clear now???



GZ

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To: yard_man who wrote (128422)7/20/2019 3:47:01 PM
From: GROUND ZERO™
3 Recommendations   of 132321
 
Here's the weekly DIA chart with a huge multi year expanding megaphone taking shape...



GZ

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